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Top News In Payments: House Committee Holds RTP Hearing; DoorDash Reveals May Data Breach

PYMNTS

Uber Turns App Into ‘Everyday Operating System’. The company plans to merge its ride-hailing and food delivery applications in a fashion that would join its offerings as “the operating system for your everyday life,” as CEO Dara Khosrowshahi said. What Local Sales Tax Laws Mean for Tobacco eSellers .

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Kellogg Company announced splitting into 3 companies by the end of next year

Bank Activities

Kellogg Company (NYSE: K), maker of the popular Frosted Flakes, Rice Krispies and Eggo, announced that it would split its operations into three new companies, respectively focused on cereal, snacks, and plant-based foods. will be headquartered in Battle Creek, Michigan. By Zoran Temelkov June 2022. Kellogg Co. plans to spin its U.S.,

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The ICBA 22/23 executive committee is all in

Independent Banker

We must also keep our focus on protecting the 2017 tax cuts and, as always, monitoring and confronting credit union overreach. At-large director Doug Ouellette, Chief community banking officer, Mercantile Bank of Michigan, Grand Rapids, Mich. For instance, ICBA is calling for congressional hearings on the credit union tax exemption.

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Wells Fargo’s Q2 Disappoints After Scandals

PYMNTS

The current quarter included a 10-cent per share income tax expense. . Wayfair, which impacted how states may collect taxes on sales made by out-of-state sellers. . Wells Fargo also announced plans to sell 52 branches in Indiana, Ohio, Michigan and parts of Wisconsin to Flagstar Bancorp.

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Domino’s To Grab Bigger Slice Of Retail Food Pie?

PYMNTS

Jason West, a Credit Suisse analyst, said in a note that the stock has lost about 12 percent of its value from recent highs (as quoted by CNBC.com ), and yet forward earnings should get a boost, in part, from tax cuts. At the same time, the company has a strong driver and ordering operation in place, which should keep growth intact.

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When Suds Go X-Border

PYMNTS

Long is the CEO of Brew Export, a comprehensive solution for brewers entering international markets, as well as a resident of Grand Rapids, Michigan — otherwise known, as she’s quick to point out, as “Beer City, USA.” Long first got the idea for Brew Export while studying international marketing at Michigan State University.

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Walmart, Home Depot And Macy’s Beat Q2 Earnings Expectations

PYMNTS

Tax cuts and higher savings are also playing a role in the rise in retail sales. The economy appears to be very well-positioned to continue to grow,” said Jim Baird, chief investment officer at Plante Moran Financial Advisors in Kalamazoo, Michigan. Spending at restaurants and bars was up 1.3 percent decline it showed in June.

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